Independence Contract Drilling Inc
NYSE:ICD

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Independence Contract Drilling Inc
NYSE:ICD
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Price: 0.39 USD -33.42% Market Closed
Market Cap: 140k USD

Bankruptcy Probability

Independence Contract Drilling Inc's probability of bankruptcy is 13.9%, signalling a meaningful chance of default. The solvency score is 24/100 — a sign of moderate financial strength.

We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.

Very High
Probability of Bankruptcy

Financial Position

Cash & ST Investments
+
3Y
-8%
5Y
-46%
10Y
+91%
Long-Term Investments
+
3Y
-
5Y
-
10Y
-
Debt
+
3Y
+28%
5Y
+33%
10Y
+166%

Solvency Ratios

Solvency Ratios Comparison
Independence Contract Drilling Inc Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
US
Independence Contract Drilling Inc
NYSE:ICD
140k USD
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CN
China Oilfield Services Ltd
SSE:601808
71.3B CNY
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SA
ADES Holding Company SJSC
SAU:2382
21.8B SAR
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US
Noble Corp (Cayman Island)
NYSE:NE
5.2B USD
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US
Noble Corporation PLC
CSE:NOBLE
31.4B DKK
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CH
Transocean Ltd
NYSE:RIG
4.7B USD
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BM
Valaris Ltd
NYSE:VAL
3.8B USD
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US
Helmerich and Payne Inc
NYSE:HP
3.2B USD
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SA
Arabian Drilling Co
SAU:2381
10.8B SAR
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US
Patterson-UTI Energy Inc
NASDAQ:PTEN
2.7B USD
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DK
Maersk Drilling A/S
F:72D
1.9B EUR
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No Stocks Found
Is Independence Contract Drilling Inc at risk of bankruptcy?

Independence Contract Drilling Inc's probability of bankruptcy is 13.9%, signalling a meaningful chance of default.

The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.

How much debt does Independence Contract Drilling Inc have?

As of the latest report, Independence Contract Drilling Inc has total debt of 170.9m USD. This includes both short-term (0 USD) and long-term (170.9m USD) debt.

You can find a full breakdown on its Balance Sheet.

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